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Northumberland Ave - West Units 1-2 2,549 SF Industrial Condo Unit Offered at $288,634 CAD in Hull HU2 0LN
INVESTMENT HIGHLIGHTS
- Industrial Commercial investment in established industrial locatio
PROPERTY FACTS
| Total Building Size | 4,031 SF | Typical Floor Size | 4,031 SF |
| Property Type | Industrial (Condo) | Year Built | 1965 |
| Property Subtype | Warehouse | Lot Size | 0.39 AC |
| Building Class | C | Parking Ratio | 1.98/1,000 SF |
| Floors | 1 |
| Total Building Size | 4,031 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 4,031 SF |
| Year Built | 1965 |
| Lot Size | 0.39 AC |
| Parking Ratio | 1.98/1,000 SF |
AMENITIES
- 24 Hour Access
- Fenced Lot
- Security System
- Automatic Blinds
- Storage Space
UTILITIES
- Lighting
- Water
- Sewer
1 UNIT AVAILABLE
Unit 2
| Unit Size | 2,549 SF | Sale Type | Investment |
| Price | $288,634 CAD | Tenure | Long Leasehold |
| Price Per SF | $113.23 CAD | Cap Rate | 7.10% |
| Condo Use | Industrial | NOI | $20,483.69 CAD |
| Unit Size | 2,549 SF |
| Price | $288,634 CAD |
| Price Per SF | $113.23 CAD |
| Condo Use | Industrial |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 7.10% |
| NOI | $20,483.69 CAD |
DESCRIPTION
The leasehold interest is available for purchase for a sum of
£155,000 excl
The leasehold agreement is a 999 year lease from 1988, on a
peppercorn rent.
SALE NOTES
This commercial investment consists of a semi detached steel
portal frame industrial unit. Externally the property benefits
from a fenced designated yard. The property is accessed via
an over sized concertina door measuring approximately 4.35 x
4.85 mas well as a pedestrian access door, secured by roller
shutters. Internally the property is of block build interior and the
roof benefiting from translucent light panels. The ground floor
personal doors and windows benefit from roller shutters for
security. The unit has a small reception area on the ground
floor with offices above and to the rear is a single storey stores
area.
The current passing rent is £11,000 per annum on a 6 year
lease from 01.02.23 to 31.01.29. With a rent review provision
01.02.26.
This produces a current gross yield of 7.10% before the rent
review provision.
Interior Photo
Interior Photo
Presented by
Northumberland Ave - West Units 1-2
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